TuSimple, United Parcel Services Map New Self-Driving Routes

Self-driving truck technology company TuSimple Hldgs TSP has mapped new freight lanes with United Parcel Service Inc UPS from Arizona to Florida and has hit significant fuel savings for the package delivery company at highway speeds.
TuSimple has notched up 160,000 miles hauling freight for UPS' North America Air Freight (NAAF) division and has achieved 13% fuel savings at speeds between 55 miles - 68 miles per hour since 2019. The routes for that UPS unit typically run between an airport and a UPS facility.
TuSimple shares the data from its operations with UPS, which also owns a stake in TuSimple.
"Cutting fuel costs by ten-plus percent would translate into billions of dollars of savings for the entire U.S. trucking industry," TuSimple Chief Executive Officer Cheng Lu told Reuters.
TuSimple's network began in Arizona, and the company has been expanding across the U.S. Southeast.
TuSimple plans to roll out a national U.S. autonomous freight network by 2024.
Price Action: TSP shares closed lower by 0.90% at $39.54 on Thursday.